relationships Archives - REM https://realestatemagazine.ca/tag/relationships/ Canada’s premier magazine for real estate professionals. Mon, 17 Jun 2024 14:07:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://realestatemagazine.ca/wp-content/uploads/2022/09/cropped-REM-Fav-32x32.png relationships Archives - REM https://realestatemagazine.ca/tag/relationships/ 32 32 Convert your business into a sellable asset https://realestatemagazine.ca/convert-your-business-into-a-sellable-asset/ https://realestatemagazine.ca/convert-your-business-into-a-sellable-asset/#respond Mon, 17 Jun 2024 04:02:25 +0000 https://realestatemagazine.ca/?p=31406 Have you ever wanted to take your expertise and convert it into something you can sell, but you keep pushing the idea aside?

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I know you are already at the top of your game.

But what are you doing with all of that knowledge and expertise?

Most realtors will work hard, managing the ups and downs of the market, and then, when they’re ready to pack it in (way past when most people do), they hand their prized database to another realtor and hope that they work it the same way they did.

And 100 per cent of the time, the adopting realtor just … doesn’t.

Because they’re not you.

All that work you put into those relationships is now in jeopardy, no matter how hard you try to get the adopting realtor to sell and manage like “you.”

Sure, you can groom another realtor to watch what you do, but unless there’s a structure they can follow, they’re going to get it wrong.

Until now.

Join us on June 19 at 1:00 pm EST for a masterclass hosted by Rebecca Mountain, where she’ll show you how to use a model-based system that easily captures your expertise, style, processes and systems so that you can:

  • Train your current (or future) team on how to sell, build relationships and close business just like you (without training and training and training …)
  • Capture what’s truly unique about how you go about your business (it’s a commoditized industry — but YOU are not a commodity!)
  • Translate that knowledge into a sellable, valuable asset so when you’re ready to pack it in, do something else or just scale out of your business, you can … AND get a good price for all the work you put into your business.

There’s even one more option — and it’s totally up to you if you want to take it.

You see, realtors like you, no matter how good you are, are at the mercy of market fluctuations. You may fare better than most, but your income is going to swing.

What if you could smooth it out?

You can when you capture your IP (intellectual property) because you can turn that into a teaching asset.

And for that, there are about 17 ways to do it.

Coach, consult, weekly Q&As, video how-to library, groups, speaking, writing a book …

How much time you want to put into this option is 100 per cent up to you (and ALL of them make money).

Plus, when you have a profit-making teachable asset AND a sellable business model:

  • Your income fluctuations become a LOT less severe
  • Your baseline income is predictable and manageable
  • You have more time to devote to this (if you want) since your team is following your model
  • You can make as much or as little as you want based on the ideal lifestyle you’re trying to live.

My four adult kids will struggle to find places to live in the GTA. It’s brutal.

If I were a realtor in your shoes, I’d use this money to help them buy a place.

Or go on vacations and fly first class.

Or travel more often, knowing I won’t be tied to my phone (because my team just follows my model).

I can spend time with my friends or do more of what I love — whatever that is!

So, let me summarize this for you. When you capture your awesomeness in a model that others can follow (internal or external), you get one big fat juicy thing:

CHOICE.

Want to work until you’re 70? Go for it. Or don’t.

Want to make extra money to smooth the dips and peaks? Sure! How much would help?

Want to hire people and NOT have to spend three weeks training them, repeating yourself over and over again? Done!

If you’re still reading, then you definitely need to attend this masterclass.

Rebecca will explain it all to you — how to do it, the steps to create the model and then carve out time to work less but make more … everything.

It’s coming to you June 19th.

Rebecca has done this for realtors, brokers, team leads and CEOs just like you. She’s done it in her own business. It works.

You get to pick the path you take, but the result is the same. Choice, extra income, peace of mind knowing you don’t have to work forever.

Everyone wins. Want to be one of the winners too?

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Empire builders: The Stone Sisters’ masterclass in leadership https://realestatemagazine.ca/empire-builders-the-stone-sisters-masterclass-in-leadership/ https://realestatemagazine.ca/empire-builders-the-stone-sisters-masterclass-in-leadership/#respond Wed, 03 Apr 2024 04:03:40 +0000 https://realestatemagazine.ca/?p=29885 It’s no surprise why the Stone Sisters are so successful — they’ve built the systems, they follow them and they keep their agents accountable

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A big thank you to Tamara and Shannon Stone. After our original March feature fell through, the Stone Sisters — who we were going to feature later in the year — agreed to move up their interview and accommodate us at the last minute. That’s why our March feature and Backstage Pass Q&A for March is coming in early April. 

Ultimately, the story of the Stone Sisters in Kelowna is the story of innovation, adaption, trust in family and relentless focus. Tamara and Shannon Stone have turned their business into a Kelowna household name built on the power of relationships. 

Let’s dive into their story.

 

The early days — laying the foundation

 

“29 years. I got my license in 1995,” Tamara reminisced about her start in the industry. Both her mom and dad were already successful realtors. They didn’t want Tamara riding their coattails, so they made her a deal. She could shadow them for six months and then she was on her own.

She started shadowing them and doing what they told her for six months. It went by so fast that she didn’t even realize that six months had already passed. “I showed up as I had for the prior six months, dressed in my business suit, and I said, ‘Okay, so what are we doing today?’ and my dad said, ‘Your mom and I are going golfing. I don’t know what you’re doing but you’re on your own.’ I had no idea what to do. It took me five months to get a deal and I was literally starving.”

She started doing open houses every single weekend. “I would do two on Saturday, two on Sunday. And I did that every weekend, with the odd exception, for two to three years because that’s how you met people.” 

Between her network and open houses, she started to build a nice business for herself. For the first 10 years of her career, Tamara built a business on her own, separate from her parents. That’s when, in 2005, her sister Shannon decided to get licensed.

 

Trial-by-fire

 

Tamara made Shannon the same deal she got from her parents: get trained for six months and then you’re on your own. She’d learn the ins and outs of the business. After the six months though, Tamara wanted to take the month of August off, thinking she could leave her sister in charge of her business during one of the slowest sales months of the year.

As the old cliche goes, “If you want to get busy, book a vacation.” That month, with Tamara gone, Shannon did almost 40 transactions — more than one a day. There was no question that Shannon’s ability to handle a month like that after only six months in the business meant she’d be an invaluable asset.

So, they took a Tamara-led “Stone Team” and formed the “Stone Sisters.”

 

Adapt to thrive

 

From even the early days, the pair has focused on leading when changes are happening.

“The big thing I did when I started that was revolutionary and wild was get a website. It was the first real estate website in town and it was shocking to many, and cutting edge. We still own the original domain name, too,” recalls Tamara. 

With a renewed energy for the business, the sisters continued innovating and adapting. Shannon’s marketing background brought a lot of ideas to both marketing and client engagement.

Spend time talking to the Stone Sisters about the evolution of their business, and you realize quickly they’re proactive about change. They’re looking ahead to see what challenges are coming and they’re getting ready.

 

See change coming, come up with a plan, execute with purpose

 

In British Columbia, you’re no longer allowed to double-end a transaction, a change that was hinted at for a couple of years before it came into effect. If implemented, they realized this would have a massive impact on running a team where you often have a buyer’s agent sell the team’s listings.

They looked at what that might mean and they came up with a plan. Shannon got her broker’s license. When the change happened, they completely shifted their entire model, going from being the Stone Sisters at Re/Max Kelowna to forming their own sub-brokerage, Re/Max Kelowna Stone Sisters. 

Now, instead of a traditional team model, Shannon and Tamara run the brokerage and the agents run their own business, with the Stone Sisters providing services and coaching along the way. This way, they act as the designated agents for their clients.

The sisters were able to completely shift the model and not miss a beat. They don’t sit back and complain when change is coming — instead, they see it coming, come up with a plan and execute with purpose. 

 

Marketing that works

 

Shannon had a background in marketing when she joined and, with that, brought fresh ideas and promotional efforts. With Tamara’s experience and her sister’s background, they came up with regular ideas that brought real business. Things that few others were doing.

For example, in Kelowna, where many properties are sold to people from out of town, the team tracks not only the percentage of properties sold to out-of-town buyers but also where they came from. This informs their next steps when it comes to marketing.

This tactic worked well during a big Alberta oil boom when the pair noticed a lot of business coming from buyers in Fort McMurray. They had some connections there and set up a learning seminar about buying property in the Okanagan. 

They flew into Edmonton, got this little rental car and made the drive up to Fort McMurray. A client that worked up there told them, “Don’t show up in your white suits and be fancy to people. Jeans, beer and pizza.” 

So, they rented the back room of a Boston Pizza, bought pizza, wings and beer for everyone, and started promoting the Okanagan. Little did they know, due to the big boom and undersupply of housing in Fort McMurray, there weren’t even hotel rooms available. They had to make the drive back to Edmonton at 3:00 am.

But it was worth it. The sisters sold a tonne of properties to people there until the downturn in the oil industry.

Today, they go to cities like Vancouver, Calgary and Toronto because that’s where a lot of their buyers come from. They do group seminars and 1:1 consults with potential clients to promote their book on the Okanagan. 

Social media advertising plays a big role in making trips to cities where they don’t have brand recognition a success. The sisters invest in it and see a great return. In a market where almost 50 per cent of buyers come from out of town, the Stone Sisters regularly see over 70 per cent of their buyers come from elsewhere — a testament to the success of their marketing strategies. 

 

What you measure, grows

 

Nothing happens by accident at the Stone Sisters. Much like tracking where buyers come from, the team tracks everything in their business. They look at where leads originate to evaluate the success of each marketing channel they try, and then what percentage turn into clients. They monitor the volume of phone calls, emails, social media messages and every other way that people reach out to the team.

Aside from the volume and nature of inquiries, the number of showings, traffic to and time on the website, social engagement and everything else that helps inform their marketing and get a pulse of what’s happening is tracked.

And no fancy dashboards needed — the team tracks it all across simple Excel spreadsheets. They can tell you at any time exactly what’s happening in their business and where the trends are going.

At the volume of deals the Stone Sisters are doing (300+ annually), their business metrics can say a lot about the greater Kelowna real estate market trends as well. 

 

The white suits

 

Since my earliest days in real estate, I’ve known the Stone Sisters. They were presenting at a conference on negotiation the first time I saw them. At that conference and to this day, they often stand out by wearing white suits. In fact, their entire team wears all white — it’s their uniform.

I asked them about this because they do stand out when you meet them. It went back to a Re/Max conference they attended in Las Vegas. There were so many agents there, they wanted to find a way to stand out from the crowd. A way to make them more memorable.

The sisters went with white suits. Now, the entire team does and it’s become a signature look. If anyone on the team, and now at their sub-brokerage, goes out in the community for their business, they wear white. This has become an integral part of their branding. 

 

The ‘Buyer Book’

 

Early on, Tamara and Shannon created what they call the “Buyer Book” for their business. When they got leads, they’d print out the email, hole punch it and put it into a binder. Any time things were either quiet or they had some downtime, they’d open up the binder to where they left off and “shake the tree.” 

The sisters would call everyone in the book. When they finished, they’d start over, back at the beginning. They made handwritten notes to send by snail mail to people they had good conversations with, a practice they still do to this day. There were people in that book for 3-5 years before they ended up doing a deal with the Stone Sisters — a testament to their consistency.

Today, the team follows a very similar practice, leveraging Follow Up Boss as their CRM. With organic buyer leads coming in, they convert them at a rate of 23.5 per cent. (During our interview, without having asked them ahead of time to be ready with anything, they had all the data at their fingertips. Like I said, they track and monitor their numbers.)

The most impressive stat? They convert 94 per cent of the website contact forms for a home evaluation to in-person appointments. As of our interview on March 20, 2024, the team had received 78 home evaluation requests and had done 74 in-person appointments as a result. 

That’s how strongly they’re seen as experts. Tamara mentioned that early on in her career they tried a series of TV commercials. “They were light and fluffy, like Cinderella, the Stone Sisters. It wasn’t us doing it; it was someone else’s perception of us. It gave the impression of, ‘It’s so cute they dress the same.’ Now, we have a much more serious reputation.” 

 

A little bit ‘hardass’

 

The sisters admit they’re known for being a little bit “hardass” at times, as they put it. They’re serious about the business and they get the job done. They’re not afraid to tell their clients what they don’t want to hear, and they won’t take a listing if the client is unrealistic about the price.

This brand they’ve built since 1995 is a huge factor in their conversation rates. On top of that, they work the phones, send out automated emails and encourage everyone at their brokerage to make as many phone calls as possible.

They find that even young people, who are often derided for not wanting to be on the phone, regularly have great phone conversations with their team. And when things get slow or quiet for a time? Everyone is encouraged to “shake the tree” as they do with the Buyer Book but with people in their Follow Up Boss database.

 

Systemized success

 

Like our previous monthly features this year, Mark Faris and Alex Wilson, it’s no surprise after talking to them why the Stone Sisters are so successful. They’ve built the systems, they follow them and they keep their agents accountable. 

The sisters are looking ahead at what’s coming and getting ready to adapt. They’re closely watching the commission lawsuits with NAR in the U.S. and Canadian equivalents. Despite verdicts likely being a ways out, they’re ready in case of changes. 

No matter what happens, one thing is certain: they won’t be caught unprepared. 

 

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Improve your business relationships by mastering the 4 attributes https://realestatemagazine.ca/improve-your-business-relationships-by-mastering-the-4-attributes/ https://realestatemagazine.ca/improve-your-business-relationships-by-mastering-the-4-attributes/#comments Thu, 17 Aug 2023 04:03:29 +0000 https://realestatemagazine.ca/?p=23679 There's a prevailing notion among some that real estate is solely transactional; REM's Ted Greenhough contends that successful real estate is rooted in relationships

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Most realtors believe that real estate is a transactional business.

These agents are members of the struggling majority.

But real estate is not a transactional business; it’s a relationship-based business.

If you want more clients, you must maintain your existing relationships and find ways to interact with more people more often. And most importantly, you need the right skills to develop trust and rapport with others.

The most successful realtors project a harmonious balance between these four key attributes:

  • Professionalism
  • Confidence
  • Friendliness
  • Authenticity

 

When you watch the best of the best, this balancing act seems completely natural, as if they were born this way. But these naturals are exceedingly rare. Most masters of relationship selling have studied human interaction and internalized the techniques they’ve learned until they became habitual and an integral part of their personality.

This isn’t “being fake.” On the contrary, it’s consciously becoming a better version of yourself.

What about you? Ask a close friend for their honest opinion. If you are not clearly projecting all four of the key attributes in your human interactions, consider how you could improve. Most agents are weak in at least one of the four.

 When you are honest with yourself, and you work to improve your core competencies, you’ll be surprised how quickly people become drawn to you. 

 Translation: You’ll have all the business you want without ever chasing it.

 

Professionalism

 

Professionalism is not about how you dress or what kind of car you drive. I know plenty of snazzy-dressing, shiny-Beemer-driving agents who are otherwise entirely unprofessional.

Yes, your car should be shiny and clean, and no, you shouldn’t wear flip-flops to your listing appointment. But these things are superficial.

It’s a thousand times more important to consistently maintain a high level of integrity and the burning desire to deliver outstanding results. Having high integrity and being true to your values isn’t always easy, but it’s essential if you want to develop a reputation as a trusted expert. That’s my definition of a true professional. 

But how do you achieve this? Professionals place high importance on improving their knowledge and skills to consistently deliver exceptional results. Think about it. Isn’t this the reason why we seek advice from a professional? For their expertise?

If you adopt this mindset, you’ll be paying cash for that new BMW before you know it, rather than stretching your finances to pay a lease you can’t afford merely to give the illusion you’re a professional.

 

Confidence

 

The more knowledge you gain and skills you develop, the more confidence you will naturally exude. However, even if you feel very confident, you must determine if that confidence is coming through in your voice. Ask a close friend for feedback.

Be careful not to overdo it — people are attracted to quiet but firm confidence — not boastfulness. 

Here are a few tips to increase your confidence level:

  1. Always make steady eye contact. 
  2. Listen to learn twice as much as you speak.
  3. State your opinions with conviction (to do this with sincerity, you must thoroughly understand your craft).
  4. Prepare and practice. For example, if you’ve got a newly developed listing presentation and haven’t practiced it thoroughly, you’ll probably not sound very confident.

 

I’m a proponent of the Deep Practice method: 

  • Practice small chunks at a time. For instance, rather than practicing your entire listing presentation all at once, just practice one segment;
  • Repetition, repetition, repetition. Do it quickly, do it slowly, do it differently. But keep repeating the action.

 

Friendliness

 

Whenever you are in situations where you’re talking to people, whether on the phone or face-to-face, you want to come across as a friendly person, especially with Amiable and Expressive communication styles (half the population).

(Read more about communication styles here: Why certain people drive you crazy)

This also applies to email messages. Don’t overdo this but sprinkle some friendly into your email messaging, especially near the beginning of your relationship. 

When I say, “Don’t overdo it,” I mean be aware of who you’re talking to. Many people do not react well to extremely boisterous overly-friendly people. They see it as fake and off-putting.

That said, your natural friendliness is a key advantage, so use it, but if you want more success, you need to improve the other three attributes as well and constantly seek out that harmonious balance.

By the way, I think of myself as a naturally friendly person, but I’ve been told by friends that I sometimes come across as grumpy and disinterested. This feedback has helped me have better self-awareness, so I’m more conscious about this part of my persona in both work-related and social situations.

Self-awareness is the key to self-improvement. So, ask for feedback, be conscious of your delivery, and make adjustments as necessary.

 

Authenticity

 

When you study sales techniques, being “yourself” is not discussed much, but it is highly effective in a relationship-based business, such as real estate. You should always look for ways to better connect with your prospects and clients.

This is why I hate scripts (except when memorizing the critical points of a presentation). No matter how smooth you think you are, your prospects can feel when you’re reciting from a script.

Being genuine can’t be faked. If you’re dead honest and your clients know you have their best interests at heart, and you thoroughly understand your craft, why do you need a script for anything?

It’s much more fun and satisfying to be yourself and speak to your clients in the same way as you would a friend. 

 

Conclusion

 

In case you’ve never heard this before: People do not particularly like salespeople.

Be a friendly, professional, confident, authentic provider of valuable information and expertise.

 

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Debbie Hanlon: Let’s get personal https://realestatemagazine.ca/debbie-hanlon-lets-get-personal/ https://realestatemagazine.ca/debbie-hanlon-lets-get-personal/#respond Tue, 19 Apr 2022 04:00:42 +0000 https://realestatemagazine.ca/debbie-hanlon-lets-get-personal/ I have always felt that while I always move with the times and am known as a trendsetter, that I do not ever want to lose sight of the value of building meaningful relationships and keeping a personal touch in all that I do.

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The wonders of the modern convenience of technology have been such a tremendous asset for many of us. People on the other side of the world can now appear as if they are right next door. We can show a house virtually and get all the back-end things done through amazing portals and systems.

I have worked hard to stay on top of the latest trends and have made the commitment to design systems that utilize modern technology to ensure that things operate very smoothly and efficiently. However, I have always felt that while I always move with the times and am known as a trendsetter, that I do not ever want to lose sight of the value of building meaningful relationships and keeping a personal touch in all that I do.

Social media, and all the modern conveniences at our disposal, are certainly part of effective business systems and strategy, but customer care and service are still the most important elements in how we approach the work that we do. While clients definitely appreciate the ease and comfort of modern convenience, they also tremendously value quality service that has a personal feel to it.

People want and need to feel as though they matter – as though they are more than just a sale. They want a personal approach that is honest and has integrity; and they want someone who is responsive and understands them.

I firmly believe that building healthy relationships has to be at the forefront of everything. We can’t make sales without respectful business partnerships and personal relationships. Communication is a vital piece, but so is appreciating clients for who they are, and where they are and what they may be going through at any given time. I always like to ask questions and make it a point to listen. Taking the time to find out more about individuals and families that we are engaged with is essential in providing the best quality care.

While much of our communication may come through emails, social media and our web presence, there are many things that we can still do that help to build relationships with people and provide them with the comforts of knowing that we are thinking about them.

I rarely miss a birthday. And I make an effort (without prying), to try and find out what is happening in people’s lives. The addition of new family members or the loss of loved ones have significant impact on the day-to-day routines in our lives. Every day, people go through something that impacts them in positive or in challenging ways.

I use the word balance often in my life, as it comes into play for me every single day. We can still send something for a digital signature, but also we can personalize emails, send texts or arrange FaceTime (or Zoom) to make sure that we have some contact that has a personal component. I like to think of this as a healthy marriage between technology and a personal touch. If you live in the same area, people still love sitting down to have a coffee.

We have spent much of the past two years functioning in different levels of isolation. With many restrictions being lifted, we need to adapt once again and try and remember how to be social (and safe). In most parts of the country, we can see people again, which invites the opportunity (for those who feel comfortable) to meet face-to-face, share tea or coffee or drop off birthday cards.

One specific thing that I would like to share, that I have received some very positive feedback on, has been the creation of original caricature drawings for people as housewarming gifts. It is fun and personalized and never fails to surprise and excite people. It is just a special touch that’s a little bit more personal than swag or standard gifts.

Our businesses rely more and more on evolving tech, but we still need to engage with people. Without this, people are more likely to feel as though they are a number or a dollar sign. Real estate connections are personal and can be emotionally charged. We need to be aware of that and be at our very best when we are out working with clients, not just sorting through mounting administrative tasks.

People will value and respect the work that you do if you are professional, responsive and thorough; but they will refer people to you more readily if they feel that you have all of those elements AND that you have a genuine interest in building a valued relationship and looking after their needs.

There is no shortcut here. Take the time to personally connect with people and the rewards will be a better business, improved quality of care, happier people and a healthier heart.

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How much small talk with clients is too much? https://realestatemagazine.ca/how-much-small-talk-with-clients-is-too-much/ https://realestatemagazine.ca/how-much-small-talk-with-clients-is-too-much/#respond Fri, 07 Jan 2022 05:00:07 +0000 https://realestatemagazine.ca/how-much-small-talk-with-clients-is-too-much/ Clients are not your friends. They may become friends later but while you are working for them, it should be all business. So how much small talk with clients is too much?

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Clients are not your friends. They may become friends later but while you are working for them, it should be all business. So how much small talk with clients is too much? How far should you go in order to build rapport and lasting business partnerships? You should follow your clients’ lead, but keep it professional. Learn what else to look for in this video.

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How to communicate with couples https://realestatemagazine.ca/how-to-communicate-with-couples/ https://realestatemagazine.ca/how-to-communicate-with-couples/#respond Fri, 18 Dec 2020 05:00:57 +0000 https://realestatemagazine.ca/how-to-communicate-with-couples/ Trying to identify the decision-maker in a couple is an extinct old-school strategy. You’ve got to impress them both, or the answer will be no.

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Is it true that opposites attract?

Yes and no.

Often we are attracted to character strengths that are opposite to our own perceived weaknesses. For example, an introverted person might be attracted to a more out-going person and vice-versa. But having different communication styles doesn’t mean that we don’t hold the same values and attitudes.

Rather than thinking in terms of opposites, it’s better to think about you and your partner as being complementary to each other.

Relationship experts agree that the “3 C’s” – communication, clarity and compromise – are necessary for any successful relationship.

This is not only true in marriage, but also with friendships and business relationships.

In a relationship-based business, such as – oh, I dunno, let’s say real estate – understanding how to modify your own style to communicate better with a different style is arguably the most important skill you can learn.

It’s doubly important and doubly complex because practically every day, we’re dealing with two people at once – the married couple – who rarely have the same communication style as each other! So, how is it possible to communicate effectively with two different communication styles at once?

Let’s say you’re doing a listing presentation to a couple. One is an expressive and one is an analytical (polar opposites). How do you deal with that situation?

Amateurs will present to the person they are the most comfortable with (the one with a communication style closest to their own). That’s a massive mistake. You may think, “At least I’ve got a 50/50 chance,” but that’s completely wrong.

You think only one of them is the decision-maker? Ha! Maybe in the 1950s.

Today, couples have to agree on important decisions. If they disagree, the answer is no.

An expert presents to a couple by switching styles, back and forth, throughout the presentation.

For example, with an expressive/analytical combo, you’d better sit down before the presentation and establish rapport with the expressive partner before you even start talking about market stats with the analytical partner.

“But Ted! If I switch back and forth throughout the presentation, won’t that interrupt the flow and slow things down?”

That’s amateur thinking. Couples have already learned to appreciate their different styles and to be patient with each other. Sure, maybe it takes a bit longer, but it’s WAY more important to make an impression on both partners than it is to burn through your presentation as fast as you can.

Yes, I’m talking to you, drivers. (Drivers are the most resistant to modifying their own style.)

By the way, I’ve never met a Realtor who didn’t believe themselves to be at least a borderline expert on this topic.

And yet, the only ones I’ve met who actually were experts are those who devoted considerable time to study, practice and develop their skills, specifically in this area. It’s no coincidence that these were also the most “naturally” successful agents I’ve met.

If you think you’re a natural at this, I can assure you, you are NOT. But it’s not hard to learn. Just make it a priority to learn more about communication styles. Take a course. Any course. Please!

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Relationship marketing ideas to build your referral business https://realestatemagazine.ca/relationship-marketing-ideas-to-build-your-referral-business/ https://realestatemagazine.ca/relationship-marketing-ideas-to-build-your-referral-business/#respond Thu, 27 Feb 2020 05:00:07 +0000 https://realestatemagazine.ca/relationship-marketing-ideas-to-build-your-referral-business/ A lot of real estate agents feel awkward when they’re calling their database and I can totally relate. One of my life’s goals is to have joy with everything that I do, and if I don’t have joy doing it, I don’t want to do it.

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A lot of real estate agents feel awkward when they’re calling their database and I can totally relate. One of my life’s goals is to have joy with everything that I do, and if I don’t have joy doing it, I don’t want to do it.

I suggest you call with a softer touch just to break the ice and build a fresh relationship. You can always fit in the business side when and if the conversation is flowing that way.

I started calling people for bigger reasons, that was more about them than it was for me. I came up with a two-plan system. Plan A was the reason for the phone call, A stands for awesome.

Anything that was fun, positive and share worthy. That’s why I was calling them. Plan B was business and I would pepper that in the conversation when, if and where it felt fitting. I never force the business conversation, I just let it flow. Watch my video and let me show you a couple of examples.

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Stop going “over and above” for your clients https://realestatemagazine.ca/stop-going-over-and-above-for-your-clients/ https://realestatemagazine.ca/stop-going-over-and-above-for-your-clients/#respond Tue, 04 Feb 2020 05:00:20 +0000 https://realestatemagazine.ca/stop-going-over-and-above-for-your-clients/ Going over and above means to go beyond a normal amount. But what is normal? And whose measuring stick are we using?

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If the goal of business is to identify what the client needs and deliver it, why do we think this is going “over and above”? Going over and above means to go beyond a normal amount. But what is normal? And whose measuring stick are we using?

Is it going over and above if you personally deliver the deposit cheque because your client is at home with their newborn baby? Is it going over and above if you send them birthday cards or deliver a gift to them on closing? Is it going over and above if the client needs to see 20 properties before finding the one they love?

When we look at our actions as going over and above, we lose sight of the fact that what we are really doing is listening to our clients, delivering what is necessary and then creating a memorable experience. And isn’t that what customer service is? Shouldn’t that be a normal part of how we do our business?

If you are looking for ways to set yourself apart and create an exceptional experience for your client, here are a few things to consider.

1. Listen to what’s not being said.

Listening is one of the most important communication skills. When you actively listen, you are not only paying attention to what is being said, but also to what isn’t. What is the unique situation your client is experiencing? What obstacles will they face along the way? When you can identify hidden pain points, you can deliver solutions that will not only help the client but will also help you create an exceptional experience.

2. Redefine your measuring stick.

Your clients are the benchmark for whether you did a job well. It’s not about your expectations or even those of your past clients. It’s about the client you are working with now and what matters to them. Work with your client from the beginning to establish what the expectations are, and then find creative and meaningful ways of delivering on them.

3. Deliver the unexpected.

If you really want to create a memorable experience for your clients, deliver a bit of the unexpected. The only person who can say you went “over and above” is the client. Think outside of the box and aim to meet their needs – and then provide a little something extra.

4. Ask for feedback.

It’s easy to get caught up in the cycle of things. And when you have been running your business for a while, things become second nature. Be sure you are taking time to ask for feedback and doing frequent check-ins with your clients. This way you know you are staying on track.

5. Create a lasting relationship.

Just because the sale is done doesn’t mean your job is over. Create systems for staying in touch so that you can continue to deliver a memorable experience well beyond closing day. Taking the time to nurture the relationship you have created is the key to creating a client for life.

Instead of thinking of taking these steps as going “over and above,” consider those measures a standard part of business. Create an exceptional client experience by going truly beyond the call of a real estate agent’s duty.

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Hey, can you stop calling us leads? https://realestatemagazine.ca/hey-can-you-stop-calling-us-leads/ https://realestatemagazine.ca/hey-can-you-stop-calling-us-leads/#respond Thu, 06 Jun 2019 05:00:33 +0000 https://realestatemagazine.ca/hey-can-you-stop-calling-us-leads/ A lot of the tech in our real estate industry is now about chasing leads. When did the world change so that homeowners are no longer people? Why is it always about chasing leads?

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A lot of the tech in our real estate industry is now about chasing leads. When did the world change so that homeowners are no longer people? Why is it always about chasing leads? Do we recognize what business we’re in? This is a people business, a relationship business. This is NOT a leads business. Treat people like people, and that is the start of your mindset shift to earning more business.

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Your work/life balancing act https://realestatemagazine.ca/your-work-life-balancing-act/ https://realestatemagazine.ca/your-work-life-balancing-act/#respond Mon, 27 Aug 2018 04:00:02 +0000 https://realestatemagazine.ca/your-work-life-balancing-act/ Is it possible to find a way to balance life with your real estate career? Some agents feel balance is an elusive myth and that chasing it will lead to nothing but frustration and heartache.

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When you work in the 24/7 world of real estate, is it possible to find a way to balance life with your career? Some agents feel balance is an elusive myth and that chasing it will lead to nothing but frustration and heartache. Others feel it is an attainable goal. Either way, take advantage of the unconventional schedule that a real estate career offers to figure out what works for you.

Jennifer Queen, a sales rep with Re/Max Professionals in Winnipeg, balances her day-to-day schedule with an app on her iPhone. “I do believe in starting each week by putting the big and important tasks in, and then scheduling the rest of my week around them. I like to schedule my days to have a portion at my desk, which is usually focused on some form of income-generating activity. On a personal level, there is scheduled time at home with the family. The rest of the scheduling is then filled in as things come up, whether it be listing appointments, inspections or returning phone calls as the need arises.”

Queen finds the following helpful in maintaining balance:

  • Social media can be a black hole, so she sets a timer. When the buzzer rings, she moves onto the next task.
  • Setting time aside for family on a daily basis ensures she sees her children other than when they are sleeping.
  • Optimizing systems at work to improve efficiencies allows for more freed-up time.
Jennifer Queen

Jennifer Queen

Queen is a big proponent of leveraging. Hiring out tasks gives agents more control of their schedule.

Technology can make or break your quest for balance. Electronic devices can make our lives easier. The list of gadgets and apps at your disposal to make real estate buying and selling more streamlined is never-ending. But technology can also eat your time and leave you floundering. Keep tabs on it.

Nancy Forlini, a real estate broker at Re/Max Solutions in Montreal, wonders if a balanced life really exists.

Nancy Forlini

Nancy Forlini

“It’s all in the definition that one person would give it. Balanced life for some people is working nine to five and having weekends off. For others it’s working intensively for four to five weeks and taking one week off. For others it is in different moments that you take in the day, where you can stop….take a moment and fully enjoy that moment. It can be moments that are 10 minutes in the day, or an hour. It could be just the moment where you look at your spouse and connect or the same with your children. Real estate is a wonderful profession and a business that we can design the way we want to. It’s all up to us to define for ourselves the meaning of a balanced life.”

Michael St. Jean

Michael St. Jean

Michael St. Jean, a team leader and real estate agent with St. Jean Realty in Ancaster, Ont., finds time blocking helps him maintain balance. “I sit down every Sunday morning and map out every hour for the next seven days. Everything from waking up to when I go to sleep and in between. Knowing exactly what you want to do/accomplish each and every day is extremely important if you want to maximize your day and be productive. It’s not about being busy. It’s about taking calculated actions that move the needle. Too many people fill their days with unproductive activities, react to everything and go wherever the wind blows. You must have a plan.”

Achieving a balanced life does not magically happen. It takes time and attention and, as St. Jean says, a plan. Discipline is essential, as is time for reflection. Saying no when necessary is one key. It is possible to reach a place of balance when working in an always-on career.

St. Jean offers advice on maintaining balance for those new to real estate: “Real estate is a lifestyle. The idea that there is a start and finish each day is gone. You must be responsive, available and ready for anything at anytime if you want to be successful. The nine-to-five mentality does not apply here. Weekends are for people who work conventional jobs.

“We have weeks that consist of seven days and business applies at all times within a given week. It requires a real shift in mindset and lifestyle. At the same time, you have full control over your schedule. You must manage your time efficiently and block the necessary times for work and your personal life. Without proper scheduling, you are going to burn out.”

Katia Samson

Katia Samson

Katia Samson, a real estate broker with Groupe Sutton Centre Ouest in Montreal, uses a calendar to help her stay balanced.

“Entering everything into my calendar holds me accountable both professionally and personally. From business appointments to plans with friends, workouts and vacations – it’s all in there,” she says. “With so much going on, these alerts and reminders eliminate the possibility of me forgetting something and remind me to take time for myself. Planning ahead is key. On Sundays, I schedule my workouts and prep healthy meals for the week. #noexcuses”

Samson continues, “When I’m in business mode, that’s where my focus is. When it’s finally time to unwind, I try my hardest to clear my head of anything work-related. The ultimate reward is taking a vacation – a happy place where I go to renew my energy.”

A truly balanced life includes time for yourself. Figuring out what makes you happy and then doing it is huge. Get enough exercise. Eat the right foods. Allocate time to things that rejuvenate you.

Samson leaves us with a parting thought, “Someone once told me, ‘If you’re not well rested, your client is not getting your best opinion.’ In an industry where your opinion means so much, it’s vital you gain the respect of clients and co-workers by being at the top of your game mentally and physically. This means taking care of yourself, giving in to your needs, making time for others and genuinely enjoying what you do every single day.”

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